New Delhi, April 1 -- Defence exports have surged to a record high of Rs 23,622 crore (approx. US$ 2.76 Billion) in the Financial Year (FY) 2024-25, a Defence Ministry statement said on Tuesday.
A rise of Rs 2,539 crore or 12.04 percent has been registered in the just-concluded FY over the defence exports figures of FY 2023-24, which were Rs 21,083 crore.
Wide range of items from ammunition, arms, sub-systems, systems and parts and components have been exported to around 80 countries in the just-concluded FY.
The Defence Public Sector Undertakings (DPSUs) have shown a significant increase of 42.85 percent in their exports in the FY 2024-25 reflecting the growing acceptability of Indian products in the global market and the ability of ...